Buy Property in Antigua and Barbuda and Get Residency

If you are interested in Antigua’s residency by investment program, you have several options to choose from. One of the most appealing is that you can buy a property in Antigua.

If you want to know how you can purchase a property in Antigua and Barbuda and get residency, this article summarizes the procedure. If you need assistance in accessing the golden visa program, our local specialists are at your service.

Minimum investment to buy a house in Antigua

If you want to enter the Antigua residency by investment program by purchasing a property, the most important aspect is the minimum amount required for the acquisition. This is USD 300,000. Within this price range, you can find both houses and apartments in various areas of the Caribbean state.

Our golden visa specialists can help you draft the paperwork required to apply for residency by investment in Antigua and Barbuda. We can also offer support if you are interested in neighboring citizenship by investment countries, such as Dominica or Grenada.

Where and why buy a property in Antigua under the golden visa scheme

As demand is on the rise, the property market is also registering price growth, which is why the government creates new areas for investors to buy properties in. There are several areas under development in which foreigners can acquire houses and apartments under the golden passport program in Antigua and Barbuda.

If you are considering buying a property in Antigua, here are the main strengths of the program:

you can keep or sell the property after 5 years;
in case you decide to keep it, the value of the property is expected to grow in value, thus getting your money back at the end of the period;
it is one of the cheapest residency by investment programs in the world.

Also, the processing time for obtaining Antigua residency takes between 3 and 6 months. During this time, you are not required to live here. Please note that citizenship is granted on approval, but you must keep the property for a minimum period of 5 years.

What to consider when buying real estate in Antigua

There are two aspects to consider if you want to buy a property in Antigua and Barbuda and get residency:

you can buy your dream house through the golden visa program;
you can purchase the desired property independently.

Each procedure has its own advantages and disadvantages, however, you should also consider the costs of buying a property here. These include:

a 2% fee is usually required when drafting the sale-purchase agreement;
due diligence checks can also imply a fee 1%-2% of the cost of the property;
there is also a 2.5% stamp duty to pay when buying a property in Antigua;
if you buy a house with a land plot in Antigua, an additional 5% of its cost will go towards the Alien Land Holding license.

After the purchase, you will need to register the property with the Land Register which falls under the supervision of the Ministry of Justice in Antigua.

If you are not sure about which option suits you better, you can discuss the advantages of the golden visa scheme in Antigua and Barbuda with our agents. One important benefit for those who have already moved here is the expedited processing time for their residence permits.

We remind you that we are also at your disposal if you are interested in other golden visa countries near or further from Antigua and Barbuda. Feel free to contact us for detailed information no matter your option to apply for residency by investment in Antigua.